Ralph Lauren Corporation (NYSE:RL) delivered a stronger-than-expected quarter on Thursday as demand held up across regions and momentum stayed solid in its global business.
The company raised its full-year revenue growth outlook, supported by expanding margins and favorable pricing and product mix.
The company increased average unit retail (AUR) by 18% across its direct-to-consumer network in the third quarter, exceeding expectations and reflecting continued brand elevation, strong full-price selling, and fewer promotions than planned.
Quarterly Metrics
The company reported third-quarter adjusted earnings per share of $6.22, beating the analyst consensus estimate of $5.81. Quarterly sales of $2.406 billion outpaced the Street view of $2.313 billion.
Third-quarter revenue rose 12% on a reported basis and 10% in constant currency, amid demand across geographies.
North America revenue in the third quarter increased 8% to $1.1 billion …